Horizon Quantum Computing Pte. (NASDAQ:HQ) Sees Large Volume Increase – Time to Buy?

Shares of Horizon Quantum Computing Pte. Ltd. (NASDAQ:HQGet Free Report) saw an uptick in trading volume on Friday . 183,699 shares traded hands during trading, an increase of 16% from the previous session’s volume of 158,798 shares.The stock last traded at $12.64 and had previously closed at $11.99.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings started coverage on Horizon Quantum Computing Pte. in a report on Tuesday, April 21st. They issued a “sell (e-)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Horizon Quantum Computing Pte. currently has an average rating of “Sell”.

View Our Latest Analysis on HQ

Horizon Quantum Computing Pte. Stock Up 8.5%

The firm has a market capitalization of $670.95 million, a PE ratio of -6.60 and a beta of 0.46.

Horizon Quantum Computing Pte. (NASDAQ:HQGet Free Report) last issued its earnings results on Tuesday, May 5th. The quantum computing company reported ($0.09) earnings per share (EPS) for the quarter.

Horizon Quantum Computing Pte. Company Profile

(Get Free Report)

Horizon Quantum Holdings Ltd. is a quantum software infrastructure company focused on tools and systems that help developers build and deploy quantum applications. The company emphasizes software, algorithms, and workflow infrastructure intended to support practical quantum and hybrid quantum-classical use cases.

Horizon Quantum became a public company through its business combination with dMY Squared Technology Group, Inc (DMYY), which was formed to take a private company public through a business combination.

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